a. Given the data presented in the table Belize Mexico

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Question 3 01 14
Macmillan Learning
E
Consider the hypothetical trade data presented in the accompanying table.
Belize
Mexico
b. Which country is running a trade surplus?
a. Given the data presented in the table, which countries have open economies?
Belize
Mexico
Honduras
Panama
Panama
Nation
Honduras
Mexico
Honduras
Belize
Panama
Imports (5)
100
100
0
30
Exports (S)
120
0
0
30
Transcribed Image Text:Question 3 01 14 Macmillan Learning E Consider the hypothetical trade data presented in the accompanying table. Belize Mexico b. Which country is running a trade surplus? a. Given the data presented in the table, which countries have open economies? Belize Mexico Honduras Panama Panama Nation Honduras Mexico Honduras Belize Panama Imports (5) 100 100 0 30 Exports (S) 120 0 0 30
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